360 + Mcqs in Simple interest in Aptitude Page 2 McqOptions

51.	A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.
A.	Rs. 112.50
B.	Rs. 125
C.	Rs. 225
D.	Rs. 167.50
Answer» B. Rs. 125

Discussion

52.	A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?
A.	3.6%
B.	4.5%
C.	5%
D.	6%
E.	None of these
Answer» F.

Discussion

53.	A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
A.	Rs. 650
B.	Rs. 690
C.	Rs. 698
D.	Rs. 700
Answer» D. Rs. 700

Discussion

54.	How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?
A.	3.5 years
B.	4 years
C.	4.5 years
D.	5 years
Answer» C. 4.5 years

Discussion

55.	Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
A.	3.6
B.	6
C.	18
D.	Cannot be determined
E.	None of these
Answer» C. 18

Discussion

56.	Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?
A.	Rs. 6400
B.	Rs. 6500
C.	Rs. 7200
D.	Rs. 7500
E.	None of these
Answer» B. Rs. 6500

Discussion

57.

What is the principal sum?
I.
The sum amounts to Rs. 690 in 3 years at S.I.
II.
The sum amounts to Rs. 750 in 5 years at S.I.
III.
The rate of interest is 5% p.a.

A.

I and III only

B.

II and III only

C.

I and II only

D.

I and III only, or II and III only

E.

Any two of the three

Answer» F.

Discussion

58.	A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?
A.	3%
B.	4%
C.	5%
D.	6%
E.	None of these
Answer» E. None of these

Discussion

59.	A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?
A.	Rs. 4462.50
B.	Rs. 8032.50
C.	Rs. 8900
D.	Rs. 8925
E.	None of these
Answer» E. None of these

Discussion

60.

The simple interest on a sum of money is Rs. 50. What is the sum?
I.
The interest rate is 10% p.a.
II.
The sum earned simple interest in 10 years.

A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.

Both I and II are necessary to answer

Answer» F.

Discussion

61.	A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:
A.	Rs. 2000
B.	Rs. 10,000
C.	Rs. 15,000
D.	Rs. 20,000
Answer» D. Rs. 20,000

Discussion

62.

What is the sum which earned interest?
I.
The total simple interest was Rs. 7000 after 7 years.
II.
The total of sum and simple interest was double of the sum after 5 years.

A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.

Both I and II are necessary to answer

Answer» F.

Discussion

63.

What percentage of simple interest per annum did Anand pay to Deepak?
I.
Anand borrowed Rs. 8000 from Deepak for four years.
II.
Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.

Both I and II are necessary to answer

Answer» F.

Discussion

64.

What is the rate of simple interest?
I.
The total interest earned was Rs. 4000.
II.
The sum was invested for 4 years.

A.

I alone sufficient while II alone not sufficient to answer

B.

II alone sufficient while I alone not sufficient to answer

C.

Either I or II alone sufficient to answer

D.

Both I and II are not sufficient to answer

E.

Both I and II are necessary to answer

Answer» E. Both I and II are necessary to answer

Discussion

65.	In what time will the simple interest on Rs 400 at 10% per annum be the same as the simple interest on Rs 1000 for 4 year at 4 % per annum?
A.	2 yrs
B.	3 yrs
C.	4 yrs
D.	6 yrs
Answer» D. 6 yrs

Discussion

66.	At what rate percent per annum will a sum of money double in 8 yr?
A.	12 %
B.	12.5 %
C.	13 %
D.	15 %
Answer» C. 13 %

Discussion

67.	The amount instalment will discharge on debit of Rs 3220 due in 4 year at 10 % simple interest?
A.	500
B.	600
C.	700
D.	None of these
Answer» D. None of these

Discussion

68.	A certain sum amounts to Rs 1586 in 2 year and Rs 1729 in 3 year. Find the rate and the sum.
A.	8 %
B.	9 %
C.	10 %
D.	11 %
Answer» E.

Discussion

69.	A sum of Rs . 2600 is lent out in two part in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10% is ?
A.	Rs. 1150
B.	Rs. 1250
C.	Rs. 1350
D.	Rs. 1450
Answer» D. Rs. 1450

Discussion

70.	The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum ?
A.	Rs. 1500
B.	Rs. 2000
C.	Rs. 2500
D.	Rs. 4000
Answer» C. Rs. 2500

Discussion

71.	Anil borrowed some money at simple interest. The rate of interest for the first 3 years was 5% for the next 2 years was 8% and for the next 4 year it was 10%. Beyond this it was 12% per annum. If he paid Rs. 8560, as interest for 12 years. How much money did he borrow ?
A.	Rs. 8000
B.	Rs. 6000
C.	Rs. 5000
D.	Rs. 7000
Answer» B. Rs. 6000

Discussion

72.	A sum was lent out for a certain time. The sum amounts to 400 at 10% annual interest rate. When the sum was lent out at 4% annual interest rate,it amounts to 200. Find the sum.
A.	200/3
B.	100
C.	400/3
D.	500/3
Answer» B. 100

Discussion

73.	The annual payment of 160 in 5 yr at 5 % per annum simple interest will discharge a debt of
A.	980
B.	880
C.	440
D.	220
E.	None of the above
Answer» C. 440

Discussion

74.	What annual payment will discharge a debt of 1092 due in 2 yr at 12% simple interest ?
A.	725
B.	325
C.	515
D.	900
E.	400
Answer» D. 900

Discussion

75.	A man buys a music system valued at 8000. He pays 3500 at once and rest 18 months later, on which he is charged simple interest at the rate of 8% per annum . Find the total amount he pays for the music system ?
A.	9260
B.	8540
C.	8720
D.	9410
Answer» C. 8720

Discussion

76.	A man invests a certain sum of money at 6% per annum simple interest and another at 7% per annum simple interest. His income from interest after 2 yr was 792. Also, half of the first sum is equal to one-third of the second sum. The total sum invested was ?
A.	5800
B.	. 6200
C.	6000
D.	5900
Answer» D. 5900

Discussion

77.	Prabhat borrowed some money from a bank at 8% p.a simple interest and lended it to Ashish at 12% p.a simple interest. If his profit in 2 years is Rs. 320. What sum of money did he borrow ?
A.	Rs. 2000
B.	Rs. 4000
C.	Rs. 6000
D.	Rs. 3000
Answer» C. Rs. 6000

Discussion

78.	Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed ?
A.	Rs. 7550
B.	Rs. 8500
C.	Rs. 8000
D.	Rs. 9000
Answer» D. Rs. 9000

Discussion

79.	A sum 1440 is lent out in three parts in such a way that the interest on first part at 2% for 3 yr, second part at 3% for 4 yr and third part at 4% for 5 yr equal . Then, the difference between the largest and the smallest sum is ?
A.	400
B.	560
C.	460
D.	200
Answer» C. 460

Discussion

80.	Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. It the simple interest for 2 yr from all these investments amounts to 600 , find the original sum.?
A.	5000
B.	6000
C.	5500
D.	6500
Answer» B. 6000

Discussion

81.	A borrowed 4800 from B at 9% per annum simple interest for 3 yr. He, then added some more money to the borrowed sum and lent it to C for the same period at 12% per annum simple interest. If A gains 720 in the whole transaction, how much money did he add from his side ?
A.	500
B.	740
C.	640
D.	800
Answer» E.

Discussion

82.	A person closer his account in an investment scheme by withdrawing 10000. One year ago, he had withdraw 6000. Two years ago, he had withdrawn 5000. Three years ago, he had not withdrawn any money. How much money had he deposited approximately at the time of opening the account 4 yr ago, if the annual simple interest is 10% ?
A.	15600
B.	16500
C.	17280
D.	None of these
Answer» E.

Discussion

83.	The simple interest on a certain sum of money for 2
A.	800
B.	750
C.	625
D.	400
E.	None of the above
Answer» E. None of the above

Discussion

84.	What annual payment will discharge a debt of 1696 in yr at 4% per annum ?
A.	525
B.	425
C.	325
D.	400
E.	None of the above
Answer» E. None of the above

Discussion

85.	The rate of interest for the first 2 years is 5% for the next 3 years is 8% and beyond this. It is 10% per annum. If the simple interest for 8 years is Rs . 1280. What is the principal ?
A.	Rs. 2500
B.	Rs. 2000
C.	Rs. 3200
D.	Rs. 2440
Answer» C. Rs. 3200

Discussion

86.	Harsha makes a fixed deposit of 20000 in Bank of India for a period of 3 yr. If the rate of interest be 13% SI per annum charged half - yearly, what amount will he get after 42 months ?
A.	27800
B.	28100
C.	29100
D.	30000
Answer» D. 30000

Discussion

87.	A certain sum at simple interest amount to 1350 in 5 yr and to 1620 in 8 yr what is the sum ?
A.	700
B.	800
C.	900
D.	1000
Answer» D. 1000

Discussion

88.	In 4 yr. 6000 amounts to 8000. In what time at the same rate, will 525 amount to 700 ?
A.	2 yr
B.	3 yr
C.	4 yr
D.	5 yr
Answer» D. 5 yr

Discussion

89.	A Principal amounts to 944 in 3 yr and to 1040 in 5 yr, each sum being invested at the same simple interest. The principal was
A.	800
B.	991
C.	750
D.	900
Answer» B. 991

Discussion

90.	A sum of 1550 was lent partly at 5% and partly at 8% per annum simple interest. The total interest received after 4 yr was 400, The ratio of the money lent at 5% to that lent at 8% is
A.	16 : 15
B.	17 : 15
C.	16 : 13
D.	16 : 19
Answer» B. 17 : 15

Discussion

91.	The simple interest on Rs. 36,000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is
A.	Rs. 1,338
B.	Rs. 1,425
C.	Rs. 1,400
D.	Rs. 1,368
Answer» E.

Discussion

92.	A certain sum of money lent out at simple interest amounts to 1380 in 3 years and 1500 in 5 years. Find the rate per cent per annum.
A.	3%
B.	3.5%
C.	4%
D.	5%
Answer» E.

Discussion

93.	The rate of simple intereset per annum at which a sum of money doubles
A.	4%
B.	5%
C.	6%
D.	<table><tr><td rowspan="2">6</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">3</td></tr></table>
Answer» D. <table><tr><td rowspan="2">6</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>2</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">3</td></tr></table>

Discussion

94.	A certain sum of money amounts to Rs. 2200 at 5% p.a. rate of interest, Rs. 2320 at 8% interest in the same period of time. The period of time is :
A.	3 years
B.	4 years
C.	5 years
D.	2 years
Answer» E.

Discussion

95.	A sum doubles itself in 16 years, then in how many years will it triple itself; rate of interest being simple
A.	25 years
B.	24 years
C.	48 years
D.	64 years
E.	None of these
Answer» F.

Discussion

96.	If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interset on y for the same time and at the same rate of interest, then we have
A.	z = xy
B.	xyz = 1
C.	x = yz
D.	y = zx
Answer» E.

Discussion

97.	It is decided that a loan of 10,000 will be paid off at the rate of 800 per month in 15 equal instalments. Find out the rate of return on investment.
A.	17% P.a.
B.	18% P.a.
C.	15% P.a.
D.	16% P.a.
Answer» E.

Discussion

98.	Ajay takes some loan from Rashmi at the rate of 5% per annum andd after 2 yr, Ajay gave back 8800 to Rashmi and this way paid his whole loan. Find the interest by Ajay.
A.	825
B.	975
C.	800
D.	850
E.	None of the above
Answer» D. 850

Discussion

99.	The simple interest on a sum of money is 1/4th of the principal and the number of years is equal to rate per cent per annum. The rate per cent is
A.	2.5%
B.	5%
C.	7.5%
D.	10%
Answer» C. 7.5%

Discussion

100.	The simple interest on a sum of money is 1/16 of the principal and the number of years is equal to the rate per cent per annum. The rate per annum is
A.	<table><tr><td rowspan="2">1</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
B.	<table><tr><td rowspan="2">2</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
C.	<table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
D.	<table><tr><td rowspan="2">4</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>
Answer» C. <table><tr><td rowspan="2">3</td><td style="border-bottom:1px solid #000000;vertical-align:bottom;padding-bottom:2px;"><center>1</center></td><td rowspan="2">%</td></tr><tr><td style="text-align: center;">2</td></tr></table>

Discussion

Explore topic-wise MCQs in Aptitude.

A person borrows Rs. 5000 for 2 years at 4% p.a. simple interest. He immediately lends it to another person at 6% p.a for 2 years. Find his gain in the transaction per year.

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

What is the principal sum? I. The sum amounts to Rs. 690 in 3 years at S.I. II. The sum amounts to Rs. 750 in 5 years at S.I. III. The rate of interest is 5% p.a.

A sum of Rs. 12,500 amounts to Rs. 15,500 in 4 years at the rate of simple interest. What is the rate of interest?

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

The simple interest on a sum of money is Rs. 50. What is the sum? I. The interest rate is 10% p.a. II. The sum earned simple interest in 10 years.

A man took loan from a bank at the rate of 12% p.a. simple interest. After 3 years he had to pay Rs. 5400 interest only for the period. The principal amount borrowed by him was:

What is the sum which earned interest? I. The total simple interest was Rs. 7000 after 7 years. II. The total of sum and simple interest was double of the sum after 5 years.

What percentage of simple interest per annum did Anand pay to Deepak? I. Anand borrowed Rs. 8000 from Deepak for four years. II. Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

What is the rate of simple interest? I. The total interest earned was Rs. 4000. II. The sum was invested for 4 years.

In what time will the simple interest on Rs 400 at 10% per annum be the same as the simple interest on Rs 1000 for 4 year at 4 % per annum?

At what rate percent per annum will a sum of money double in 8 yr?

The amount instalment will discharge on debit of Rs 3220 due in 4 year at 10 % simple interest?

A certain sum amounts to Rs 1586 in 2 year and Rs 1729 in 3 year. Find the rate and the sum.

A sum of Rs . 2600 is lent out in two part in such a way that the interest on one part at 10% for 5 years is equal to that on another part at 9% for 6 years. The sum lent out at 10% is ?

The rate of interest on a sum of money is 4% per annum for the first 2 year, 6% per annum for the next 4 year and 8% per annum for the period beyond 6 years. If the simple interest accrued by the sum for a total period of 9 years is Rs. 1120. What is the sum ?

Anil borrowed some money at simple interest. The rate of interest for the first 3 years was 5% for the next 2 years was 8% and for the next 4 year it was 10%. Beyond this it was 12% per annum. If he paid Rs. 8560, as interest for 12 years. How much money did he borrow ?

A sum was lent out for a certain time. The sum amounts to 400 at 10% annual interest rate. When the sum was lent out at 4% annual interest rate,it amounts to 200. Find the sum.

The annual payment of 160 in 5 yr at 5 % per annum simple interest will discharge a debt of

What annual payment will discharge a debt of 1092 due in 2 yr at 12% simple interest ?

A man buys a music system valued at 8000. He pays 3500 at once and rest 18 months later, on which he is charged simple interest at the rate of 8% per annum . Find the total amount he pays for the music system ?

A man invests a certain sum of money at 6% per annum simple interest and another at 7% per annum simple interest. His income from interest after 2 yr was 792. Also, half of the first sum is equal to one-third of the second sum. The total sum invested was ?

Prabhat borrowed some money from a bank at 8% p.a simple interest and lended it to Ashish at 12% p.a simple interest. If his profit in 2 years is Rs. 320. What sum of money did he borrow ?

Pratap borrowed some money from Arun at simple interest. The rate of interest for the first 3 years was 12% for the next 5 years was 16% and beyond this it was 20%. If the simple interest for 11 years was more than the money borrowed by Rs. 6080. What was the money borrowed ?

A sum 1440 is lent out in three parts in such a way that the interest on first part at 2% for 3 yr, second part at 3% for 4 yr and third part at 4% for 5 yr equal . Then, the difference between the largest and the smallest sum is ?

Out of a certain sum, 1/3rd is invested at 3%, 1/6th at 6% and the rest at 8%. It the simple interest for 2 yr from all these investments amounts to 600 , find the original sum.?

A borrowed 4800 from B at 9% per annum simple interest for 3 yr. He, then added some more money to the borrowed sum and lent it to C for the same period at 12% per annum simple interest. If A gains 720 in the whole transaction, how much money did he add from his side ?

The simple interest on a certain sum of money for 2

What annual payment will discharge a debt of 1696 in yr at 4% per annum ?

The rate of interest for the first 2 years is 5% for the next 3 years is 8% and beyond this. It is 10% per annum. If the simple interest for 8 years is Rs . 1280. What is the principal ?

Harsha makes a fixed deposit of 20000 in Bank of India for a period of 3 yr. If the rate of interest be 13% SI per annum charged half - yearly, what amount will he get after 42 months ?

A certain sum at simple interest amount to 1350 in 5 yr and to 1620 in 8 yr what is the sum ?

In 4 yr. 6000 amounts to 8000. In what time at the same rate, will 525 amount to 700 ?

A Principal amounts to 944 in 3 yr and to 1040 in 5 yr, each sum being invested at the same simple interest. The principal was

A sum of 1550 was lent partly at 5% and partly at 8% per annum simple interest. The total interest received after 4 yr was 400, The ratio of the money lent at 5% to that lent at 8% is

The simple interest on Rs. 36,000 for the period from 5th January to 31st May, 2013 at 9.5% per annum is

A certain sum of money lent out at simple interest amounts to 1380 in 3 years and 1500 in 5 years. Find the rate per cent per annum.

The rate of simple intereset per annum at which a sum of money doubles

A certain sum of money amounts to Rs. 2200 at 5% p.a. rate of interest, Rs. 2320 at 8% interest in the same period of time. The period of time is :

A sum doubles itself in 16 years, then in how many years will it triple itself; rate of interest being simple

If x, y, z are three sum of money such that y is the simple interest on x and z is the simple interset on y for the same time and at the same rate of interest, then we have

It is decided that a loan of 10,000 will be paid off at the rate of 800 per month in 15 equal instalments. Find out the rate of return on investment.

Ajay takes some loan from Rashmi at the rate of 5% per annum andd after 2 yr, Ajay gave back 8800 to Rashmi and this way paid his whole loan. Find the interest by Ajay.

The simple interest on a sum of money is 1/4th of the principal and the number of years is equal to rate per cent per annum. The rate per cent is

The simple interest on a sum of money is 1/16 of the principal and the number of years is equal to the rate per cent per annum. The rate per annum is

What is the principal sum?
I.
The sum amounts to Rs. 690 in 3 years at S.I.
II.
The sum amounts to Rs. 750 in 5 years at S.I.
III.
The rate of interest is 5% p.a.

The simple interest on a sum of money is Rs. 50. What is the sum?
I.
The interest rate is 10% p.a.
II.
The sum earned simple interest in 10 years.

What is the sum which earned interest?
I.
The total simple interest was Rs. 7000 after 7 years.
II.
The total of sum and simple interest was double of the sum after 5 years.

What percentage of simple interest per annum did Anand pay to Deepak?
I.
Anand borrowed Rs. 8000 from Deepak for four years.
II.
Anand returned Rs. 8800 to Deepak at the end of two years and settled the loan.

What is the rate of simple interest?
I.
The total interest earned was Rs. 4000.
II.
The sum was invested for 4 years.